CaixaBank brushes off Catalan crisis

Redomicile quelled depositor fears, says CEO; economy boosts newly acquired Portuguese business.

Gonzalo Gortázar moved quickly to stem the risks to CaixaBank

With its operational headquarters and heritage in Barcelona, CaixaBank is at the centre of the Catalan storm. This situation looked particularly worrying in October, when regional voters clashed with police over an illegal referendum on independence from Spain. 

The bank’s subsequent decision to relocate its registered office from Barcelona to Valencia has proven effective, says chief executive Gonzalo Gortázar, as CaixaBank took what he says was a rapid and non-political step to stem risks to the institution.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access